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Financing proves an obstacle for ADUs

Housing Wire

Accessory dwelling units are increasingly legal. State and local governments – and now Washington – frame ADUs as a prime vehicle to address a U.S. housing shortage that the National Association of Realtors pegged at 5.5 But it is unclear what concrete steps the federal government may take. But are they affordable?

Finance 364
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HUD plans to restore 2013 version of discrimination rule

Housing Wire

” In other words, the agency said the 2020 update to the Fair Housing Act would have made it harder for those seeking justice to meet the legal threshold for proving unintentional discrimination. ” Prior to the effective date of the 2020 rule, the U.S. The use of disparate impact was challenged all the way up to the U.S.

Legal 340
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Purchasing & Developing Land - Part 5 - Reselling It - Raw or Developed

Eppraisal

We have considered the acquisition of vacant land, financing that purchase; and complying with legal standards. If the lot is zoned for commercial use, they do well to develop it as a retail space or other business, and later serving as the landlord. Old liens, ambiguous contracts and local government can throw wrenches into the sale.

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Does Adding an In-Law Suite Pay Off?

Empire Appraisal Group

Florida Realtors. If you can legally add an accessory dwelling unit (ADU), should you? In California, homeowners have a legal right to build ADUs, and local governments aren’t supposed to create barriers to getting permits. Does Adding an In-Law Suite Pay Off? Source: Does Adding an In-Law Suite Pay Off? By Liz Weston.

Law 78
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Buyers Face Extreme Risks When Sellers Extend Their Stay

Will Springer Realtor

Once the home is sold, roles are reversed … with a twist: Buyer becomes owner and landlord while seller turns tenant, highly protected by state and local occupancy laws. The acceptance of becoming a landlord to win a bidding war is loaded with risk for buyers and can easily become a protracted situation. Minefield, indeed!

Sellers 36
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ClearCast Podcast E21 — June Homes Founder & CEO Daniel Mishin

Clear Capital

Like, why are they so worried about like physical violence from this one realtor? And they’re a proptech startup that’s challenging outdated practices to improve the rental experience for tenants and landlords alike. Now on the landlord side — and by the way, this this product is not necessarily new.

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Ohio Land for Sale: Is the Market Still Ripe for Growth in 2022?

The Robert Weiler Company

And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. Figures from the Ohio REALTORS® Housing Market Report reveal that Ohio home sales reached historical levels in May 2022. Reports have revealed a strong land market. Homes sales reached 14,210 in May 2022, a 1.8% land market.